Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Crawford & Company saw a significant increase in trading volume, with approximately 4,769 shares traded - an 88% rise from the previous session.
• The company recently reported quarterly earnings of $0.22 per share, missing analysts' estimates, and had a revenue of $323 million compared to expected $330.99 million.
• Crawford & Company increased its quarterly dividend to $0.075 per share, marking a 7.14% rise from the previous dividend of $0.07, resulting in an annual yield of 2.9%.

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,769 shares were traded during mid-day trading, an increase of 88% from the previous session's volume of 2,533 shares.The stock last traded at $10.18 and had previously closed at $10.51.

Crawford & Company Price Performance

The stock has a market cap of $500.37 million, a P/E ratio of 17.09 and a beta of 0.80. The company has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $10.40. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.16.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its earnings results on Monday, August 4th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $323.00 million during the quarter, compared to the consensus estimate of $330.99 million. Crawford & Company had a net margin of 2.18% and a return on equity of 25.91%. Sell-side analysts forecast that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Crawford & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 15th. This is a positive change from Crawford & Company's previous quarterly dividend of $0.07. Crawford & Company's dividend payout ratio (DPR) is presently 50.85%.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.